Exhibit 10.13
EXECUTION COPY
TRADEMARK SECURITY AGREEMENT dated as of November 1, 2006 (this “Agreement”), among Buffets Holdings, Inc. (“Holdings”), Buffets, Inc. (the “Borrower”), the subsidiaries of the Borrower listed on Schedule I hereto (the “Subsidiary Parties”) and Credit Suisse, as Collateral Agent (in such capacity, the “Collateral Agent”).
Reference is made to (a) the Guarantee and Collateral Agreement dated as of November 1, 2006 (as amended, supplemented or otherwise modified from time to time, the “Security Agreement”), among Holdings, the Borrower, the subsidiaries of the Borrower from time to time party thereto and the Collateral Agent and (b) the Credit Agreement dated as of November 1, 2006 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Holdings, the Borrower, the Lenders party thereto and Credit Suisse, as administrative agent and collateral agent. The Lenders have agreed to extend credit to the Borrower subject to the terms and conditions set forth in the Credit Agreement. The obligations of the Lenders to extend such credit are conditioned upon, among other things, the execution and delivery of this Agreement. Holdings and the Subsidiary Parties are affiliates of the Borrower, will derive substantial benefits from the extension of credit to the Borrower pursuant to the Credit Agreement and are willing to execute and deliver this Agreement in order to induce the Lenders to extend such credit. Accordingly, the parties hereto agree as follows:
SECTION 1.Terms. Capitalized terms used in this Agreement and not otherwise defined herein have the meanings specified in the Security Agreement. The rules of construction specified in Section 1.01(b) of the Security Agreement also apply to this Agreement.
SECTION 2.Grant of Security Interest. As security for the payment or performance, as the case may be, in full of the Obligations, each Grantor, pursuant to the Security Agreement, did and hereby does grant to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, a security interest in, all right, title or interest in or to any and all of the following assets and properties now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Trademark Collateral”):
(a) all trademarks, service marks, trade names, corporate names, company names, business names, fictitious business names, trade styles, trade dress, logos, other source or business identifiers, designs and general intangibles of like nature, now existing or hereafter adopted or acquired, all registrations and recordings thereof, and all registration and recording applications filed in connection therewith, including registrations and registration applications in the United States Patent and Trademark Office or any similar offices in any State of the United States or any other country or any political subdivision thereof, and all extensions or renewals thereof, including those listed on Schedule II (the “Trademarks”);
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(b) all goodwill associated with or symbolized by the Trademarks; and
(c) all assets, rights and interests that uniquely reflect or embody the Trademarks;provided that the grant of the security interest hereunder shall not include any application for a Trademark that would be deemed invalidated, canceled or abandoned due to the grant and/or enforcement of such security interest unless and until such time that the grant and/or enforcement of the security interest will not affect the status or validity of such Trademark;
SECTION 3.Security Agreement. The security interests granted to the Collateral Agent herein are granted in furtherance, and not in limitation of, the security interests granted to the Collateral Agent pursuant to the Security Agreement. Each Grantor hereby acknowledges and affirms that the rights and remedies of the Collateral Agent with respect to the Trademark Collateral are more fully set forth in the Security Agreement, the terms and provisions of which are hereby incorporated herein by reference as if fully set forth herein. In the event of any conflict between the terms of this Agreement and the Security Agreement, the terms of the Security Agreement shall govern.
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IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year first above written.
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| | BUFFETS, INC., |
| | | | | | |
| | by: /s/ R. Michael Andrews, Jr. | | |
| | | | |
| | Name: | | R. Michael Andrews, Jr. | | |
| | Title: | | Chief Executive Officer | | |
| | | | | | |
| | BUFFETS HOLDINGS, INC., | | |
| | | | | | |
| | by: /s/ R. Michael Andrews, Jr. | | |
| | | | |
| | | | Name: R. Michael Andrews, Jr. | | |
| | | | Title: Chief Executive Officer | | |
| | | | | | |
| | HOMETOWN BUFFET, INC., | | |
| | | | | | |
| | by: /s/ H. Thomas Mitchell | | |
| | | | |
| | Name: | | H. Thomas Mitchell | | |
| | Title: | | Secretary | | |
| | | | | | |
| | OCB PURCHASING CO., | | |
| | | | | | |
| | by: /s/ H. Thomas Mitchell | | |
| | | | |
| | Name: | | H. Thomas Mitchell | | |
| | Title: | | Secretary | | |
| | | | | | |
| | OCB RESTAURANT COMPANY, LLC, | | |
| | | | | | |
| | by: /s/ H. Thomas Mitchell | | |
| | | | |
| | Name: | | H. Thomas Mitchell | | |
| | Title: | | Manager/Secretary | | |
| | | | | | |
| | BUFFETS LEASING COMPANY, LLC, | | |
| | | | | | |
| | by: /s/ H. Thomas Mitchell | | |
| | | | |
| | Name: | | H. Thomas Mitchell | | |
| | Title: | | Manager/Secretary | | |
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| | | | | | |
| | | | | | |
| | RYAN’S RESTAURANT GROUP, INC., | | |
| | | | | | |
| | by: /s/ H. Thomas Mitchell | | |
| | | | |
| | Name: | | H. Thomas Mitchell | | |
| | Title: | | Secretary | | |
| | | | | | |
| | HOMETOWN LEASING COMPANY, LLC, | | |
| | | | | | |
| | by: /s/ H. Thomas Mitchell | | |
| | | | |
| | Name: | | H. Thomas Mitchell | | |
| | Title: | | Manager/Secretary | | |
| | | | | | |
| | OCB LEASING COMPANY, LLC, | | |
| | | | | | |
| | by: /s/ H. Thomas Mitchell | | |
| | | | |
| | Name: | | H. Thomas Mitchell | | |
| | Title: | | Manager/Secretary | | |
| | | | | | |
| | FIRE MOUNTAIN RESTAURANTS, LLC, | | |
| | | | | | |
| | by: /s/ H. Thomas Mitchell | | |
| | | | |
| | Name: | | H. Thomas Mitchell | | |
| | Title: | | Manager/Secretary | | |
| | | | | | |
| | BIG R PROCUREMENT COMPANY, LLC, | | |
| | | | | | |
| | by: /s/ H. Thomas Mitchell | | |
| | | | |
| | Name: | | H. Thomas Mitchell | | |
| | Title: | | Manager/Secretary | | |
| | | | | | |
| | TAHOE JOE’S, INC., | | |
| | | | | | |
| | by: /s/ R. Michael Andrews, Jr. | | |
| | | | |
| | Name: | | R. Michael Andrews, Jr. | | |
| | Title: | | Chief Executive Officer | | |
| | | | | | |
| | TAHOE JOE’S LEASING COMPANY, LLC, | | |
| | | | | | |
| | by: /s/ R. Michael Andrews, Jr. | | |
| | | | |
| | Name: | | R. Michael Andrews, Jr. | | |
| | Title: | | Chief Manager | | |
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| | | | | | |
| | CREDIT SUISSE, CAYMAN ISLANDS BRANCH, as Collateral Agent, | | |
| | | | | | |
| | by: /s/ Robert Hetu | | |
| | | | |
| | Name: | | Robert Hetu | | |
| | Title: | | Managing Director | | |
|
| | by: /s/ Denise L. Alvarez | | |
| | | | |
| | Name: | | Denise L. Alvarez | | |
| | Title: | | Associate | | |
Schedule I
Subsidiary Parties
1. HomeTown Buffet, Inc.
2. OCB Purchasing Co.
3. OCB Restaurant Company, LLC
4. Buffets Leasing Company, LLC
5. Ryan’s Restaurant Group, Inc.
6. HomeTown Leasing Company, LLC
7. OCB Leasing Company, LLC
8. Fire Mountain Restaurants, LLC.
9. Big R Procurement Company, LLC
10. Tahoe Joe’s, Inc.
11. Tahoe Joe’s Leasing Company, LLC
Schedule II
Trademarks
Trademarks Registered to Buffets, Inc.
| | | | | | | | | | |
| | Application | | | | Registration | | Registration |
Mark | | Number | | File Date | | Number | | Date |
OLD COUNTRY BUFFET | | 73/489350 | | 7/11/84 | | | 1343558 | | | 6/18/85 |
OLD COUNTRY BUFFET & Design | | 73/592818 | | 4/11/86 | | | 1423419 | | | 12/30/86 |
SALADBRATION! (Stylized) | | 73/741752 | | 7/11/88 | | | 1529087 | | | 3/7/89 |
OLD COUNTRY BUFFET (Stylized) | | 74/574462 | | 9/16/94 | | | 2048119 | | | 3/25/97 |
OLD COUNTRY BUFFET and Design(Diamond) | | 74/574504 | | 9/16/94 | | | 2051196 | | | 4/8/97 |
OLD COUNTRY BUFFET and Design(W/ Rectangle) | | 74/574759 | | 9/16/94 | | | 2051197 | | | 4/8/97 |
OLD COUNTRY BUFFET and Design(Stack w/ Diamond) | | 75/091977 | | 4/12/96 | | | 2149716 | | | 4/7/98 |
HOMETOWN BUFFET | | 76/241460 | | 4/16/01 | | | 2617451 | | | 9/10/2002 |
HOMETOWN BUFFET | | 78/442222 Suspended | | 6/28/2004 | | | | | | |
HOMETOWN BUFFET(Plate) | | 78/442218 Suspended | | 6/28/2004 | | | | | | |
HOMETOWN BUFFET(Plate and Fork) | | 78/159153 | | 8/29/2002 | | | 2861377 | | | 7/6/2004 |
WHAT’S ON YOUR PLATE? | | 75/481414 | | 5/7/98 | | | 2315605 | | | 2/8/00 |
COUNTRY ROADHOUSE BUFFET & GRILL | | 75/471143 | | 4/21/98 | | | 2322380 | | | 2/22/00 |
DESSERT CENTRAL | | 75/682653 | | 4/14/99 | | | 2411371 | | | 12/5/00 |
SOUP‘NSALAD UNLIMITED | | 75/817832 | | 10/7/99 | | | 2420299 | | | 1/9/01 |
SPOON TENDER | | 76/047450 | | 6/12/00 | | | | | | |
COUNTRY BUFFET | | 78/433864 | | 6/11/2004 | | | 2987516 | | | 8/23/2005 |
HOMESTYLE. YOUR STYLE. | | 78/452905 | | 7/19/2004 | | | 2997774 | | | 6/23/1992 |
HOMETOWN | | 78/442232 Suspended | | 6/28/2004 | | | | | | |
PLATE/ FORK DESIGN | | 78/159170 | | 8/29/2002 | | | 2890167 | | | 9/28/2004 |
Trademarks Registered to HomeTown Buffet, Inc.
| | | | | | | | | | |
| | Application | | | | Registration | | Registration |
Mark | | Number | | File Date | | Number | | Date |
HOMETOWN | | 74/179018 | | 6/24/91 | | | 1696669 | | | 6/23/92 |
GRANNY’S BUFFET & Design | | 75/128614 | | 6/17/96 | | | 2123023 | | | 12/23/97 |
Trademarks Registered to Ryan’s Restaurant Group, Inc.
| | | | | | | | | | | | | | | | |
| | Application | | | | | | Registration | | Registration |
Mark | | Number | | File Date | | Number | | Date |
RYAN’S FAMILY STEAKHOUSE | | | 73/181030 | | | | 8/4/1978 | | | | 1149189 | | | | 3/24/1981 | |
RYAN’S FAMILY STEAKHOUSE Design | | | 73/656667 | | | | 4/22/1987 | | | | 1467753 | | | | 12/1/1987 | |
“R” Design | | | 73/181065 | | | | 8/4/1978 | | | | 1182501 | | | | 12/15/1981 | |
MEGA BAR | | | 73/615869 | | | | 8/21/1986 | | | | 1458801 | | | | 9/22/1987 | |
RYAN’S and Design | | | 74/106749 | | | | 10/15/1990 | | | | 1707396 | | | | 8/11/1992 | |
SENSIBLE CHOICES | | | 75/024935 | | | | 11/28/1995 | | | | 2204197 | | | | 11/17/1998 | |
FIRE MOUNTAIN | | | 76/101888 | | | | 8/2/2000 | | | | 2580030 | | | | 6/11/2002 | |
FIRE MOUNTAIN HOT OFF THE GRILL! and Design | | | 77/001548 | | | | 9/18/2006 | | | | | | | | | |
FIRE MOUNTAIN | | | 77/001526 | | | | 9/18/2006 | | | | | | | | | |
RYAN’S Stylized | | | 242659 | | | | 9/6/1995 | | | 601541 (Mexico) | | | 2/25/1999 | |
RYAN’S FAMILY STEAKHOUSE Stylized | | | 242658 | | | | 9/6/1995 | | | 536059(Mexico) | | | 11/18/1996 | |
Trademarks Registered to Tahoe Joe’s, Inc.
| | | | | | | | | | |
| | Application | | | | Registration | | Registration |
Mark | | Number | | File Date | | Number | | Date |
JOE’S STEAK | | 78/923475 | | 7/6/2006 | | | | | | |
NEVADA CHEESECAKE | | 78/923545 | | 7/6/2006 | | | | | | |
RAILROAD CAMP SHRIMP | | 78/923463 | | 7/6/2006 | | | | | | |
TAHOE JOE’S & Design | | 75/197501 | | 11/13/1996 | | | 2114109 | | | 11/18/1997 |
TAHOE JOE’S | | 78/506762 | | 10/27/2004 | | | 3040908 | | | 1/10/2006 |
TAHOE JOE’S FAMOUS STEAKHOUSE & Design | | 78/507006 | | 10/27/2004 | | | 3045530 | | | 1/17/2006 |
TRADEMARK LICENSES
1. | | Trademark License Agreement, dated as of August 1, 2006, between OCB Restaurant Company, LLC and North’s Restaurants, Inc. |